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CTS (CTS)

CTS Corporation is a leading designer and manufacturer of products that Sense, Connect, and Move. The company manufactures sensors, actuators, and electronic components in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defense, industrial, medical, telecommunications/IT, and transportation markets.

Company profile

Ticker
CTS
Exchange
Website
CEO
Kieran O'Sullivan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
CTS Automotive Holdings, L.L.C. • CTS Advanced Materials, L.L.C. • CTS Electronic Components, Inc. • LTB Investment Corporation • Filter Sensing Technologies, Inc. • Tusonix, LLC. • CTS Electronic Components (California), Inc. • CTS Printex, Inc. • CTS Automotive, L.L.C. • CTS Automotive Holdings ...
IRS number
350225010

CTS stock data

Analyst ratings and price targets

Last 3 months

Calendar

26 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 98.74M 98.74M 98.74M 98.74M 98.74M 98.74M
Cash burn (monthly) 9.13M 1.55M (no burn) 1.89M (no burn) (no burn)
Cash used (since last report) 13.29M 2.26M n/a 2.75M n/a n/a
Cash remaining 85.45M 96.47M n/a 95.99M n/a n/a
Runway (months of cash) 9.4 62.0 n/a 50.9 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Thomas Michael White Common Stock Payment of exercise Dispose F No No 34.14 148 5.05K 3,399
25 May 22 Li Ye Jane Common Stock Sell Dispose S No No 37.3045 4,200 156.68K 3,600
24 May 22 Li Ye Jane Common Stock Sell Dispose S No No 36.3875 4,000 145.55K 7,800
25 Apr 22 Thomas Michael White Common Stock Payment of exercise Dispose F No No 34.55 145 5.01K 3,547
11 Feb 22 O'sullivan Kieran M Common Stock Payment of exercise Dispose F No No 33.39 3,258 108.78K 500,781
11 Feb 22 Ashish Agrawal Common Stock Payment of exercise Dispose F No No 33.39 1,023 34.16K 122,592
10 Feb 22 O'sullivan Kieran M Common Stock Grant Acquire A No No 0 10,418 0 504,039
10 Feb 22 O'sullivan Kieran M Common Stock Grant Acquire A No No 0 24,528 0 500,566
10 Feb 22 O'sullivan Kieran M Common Stock Payment of exercise Dispose F No No 33.59 4,615 155.02K 503,820
10 Feb 22 O'sullivan Kieran M Common Stock Payment of exercise Dispose F No No 33.59 10,866 364.99K 508,435
91.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 162 177 -8.5%
Opened positions 11 31 -64.5%
Closed positions 26 20 +30.0%
Increased positions 57 47 +21.3%
Reduced positions 66 68 -2.9%
13F shares Current Prev Q Change
Total value 1.03B 1.08B -4.0%
Total shares 29.21M 29.3M -0.3%
Total puts 0 10.1K EXIT
Total calls 0 14.9K EXIT
Total put/call ratio 0.7
Largest owners Shares Value Change
BLK Blackrock 5.18M $183.2M +0.2%
TROW T. Rowe Price 3.09M $109.24M +0.7%
Vanguard 2.2M $77.89M +2.4%
Wellington Management 1.61M $56.98M +0.1%
Dimensional Fund Advisors 1.53M $53.95M -0.8%
GBL Gamco Investors 1.49M $52.49M -0.4%
GS Goldman Sachs 1.37M $48.58M -9.7%
Brown Advisory 1.25M $44.29M +17.8%
STT State Street 1.08M $38.09M +2.4%
NTRS Northern Trust 705.47K $24.93M -3.7%
Largest transactions Shares Bought/sold Change
BEN Franklin Resources 649.79K +334.38K +106.0%
Norges Bank 0 -322.68K EXIT
Brown Advisory 1.25M +189.04K +17.8%
GS Goldman Sachs 1.37M -147.05K -9.7%
Harvey Partners 297.5K +131.5K +79.2%
Madison Asset Management 85.57K +85.57K NEW
ArrowMark Colorado 508.23K -82.21K -13.9%
State of New Jersey Common Pension Fund D 0 -74.88K EXIT
Assenagon Asset Management 0 -56.86K EXIT
London Co Of Virginia 547.98K -53.09K -8.8%

Financial report summary

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Competition
LittelfuseStoneridge
Risks
  • Because we currently derive a substantial portion of our revenues from a small number of customers, any decrease in orders from these customers could have an adverse effect on our business, financial condition and operating results.
  • Our customers may cancel their orders, change production quantities or locations or delay production.
  • We sell products to customers in cyclical industries that are subject to significant downturns that could materially adversely affect our business, financial condition and operating results.
  • We are susceptible to trends and factors affecting industries that we serve.
  • Our operating results may vary significantly from period to period.
  • We may experience shortages and increased costs of raw material and required electronic components.
  • We may pursue acquisition opportunities that complement or expand our business as well as divestitures that could impact our business operations. We may not be able to complete these transactions, and these transactions, if executed, may pose risks that could materially adversely affect our business, financial condition and operating results.
  • We may restructure our operations or fail to execute capital projects as planned, which may materially adversely affect our business, financial condition and operating results.
  • We may be unable to compete effectively against competitors.
  • We may be unable to keep pace with rapid technological changes that could make some of our products or processes obsolete before we realize a return on our investment.
  • Products we manufacture may contain design or manufacturing defects that could result in reduced demand for our products or services and liability claims against us.
  • We are subject to government regulations, including environmental, health, and safety laws and regulations, that expose us to potential financial liability.
  • Regulations related to conflict minerals could adversely impact our business.
  • Negative or unexpected tax consequences could adversely affect our results of operations.
  • Future dividends on our common stock may be restricted or eliminated.
  • Our indebtedness may adversely affect our financial health.
  • Our credit facility contains provisions that could materially restrict our business.
  • Public health issues such as the COVID-19 pandemic have adversely affected, and could in the future, adversely affect our business or financial results.
  • Natural disasters and adverse weather conditions may adversely impact our capability to supply product to our customers.
  • Climate related events and climate change legislation could adversely impact our business.
  • We face risks relating to our international operations.
  • We are exposed to fluctuations in foreign currency exchange rates that may adversely affect our business, financial condition and operating results.
  • If we are unable to protect our intellectual property or we infringe, or are alleged to infringe, on others' intellectual property rights, our business, financial condition and operating results could be materially adversely affected.
  • Loss of our key management and other personnel, or an inability to attract key management and other personnel, could materially affect our business.
  • Ineffective internal control over our financial reporting may harm our business.
  • Global privacy, data protection and data security laws are highly complex, evolving rapidly, and may increase our costs to comply.
  • We are exposed to, and may be adversely affected by, potential security breaches or other disruptions to our information technology systems and data security.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: European, imaging, inflow, Krone, outlined, piezoceramic, recessionary, synthetically
Removed: April, jurisdiction, March, resin, taxed